Posted on 06/09/2021 8:36:40 PM PDT by Enlightened1
Edited on 06/09/2021 9:10:41 PM PDT by Jim Robinson. [history]
Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying...
entire neighborhoods out from under the middle class? Lets take a look. Homes are popping up on MLS and going under contract within a few hours. Blackrock, among others, are buying up thousands of new homes and entire neighborhoods.
As an example, a 124 new home neighborhood was bought in its entirety in Texas. Average Americans were outbid to a tune of $32million. Homes sold at an avg if 20% above listing. Now the entire neighborhood is made up of SFR's. What are SFR's??
https://www.financialsamurai.com/institutional-real-estate-investors/
Single Family Rentals. Now, your potential lower to middle class home owner is positioned to be a permanent renter. This matters because for the lower and middle class owning a home is the most major part of any financial success, and future upward mobility.
This is wealth redistribution, and it ain’t rich people’s wealth that’s getting redistributed. It’s normal American middle class, salt of the earth wealth heading into the hands of the worlds most powerful entities and individuals. The traditional financial vehicle gone forever.
Home equity is the main financial element that middle class families use to build wealth, and black rock, a federal reserve funded financial institution is buying up all the houses to make sure that young families can’t build wealth.
Thats right!
FEDERAL RESERVE FUNDED FINANCIAL INSTITUTE.
Let that sink in for a minute. Got it? They’re using your tax dollars to [bleep[ over the lower and middle class, and its permanent. Not 1 Pres. administration of bullshit. This is a fundamental reorganization of society.
So where does this position the average American in 30 years when its a given that every new neighborhood is to be bought up whole so they can be utilized as SFR's? It positions them as peasants. Being poor can be temporary condition bettered by upward mobility.
In the US and other nations home ownership is often the 1st and most vital step. This can provide for generational wealth and success. But as permanent, guaranteed renters youre pissing away a lifetime of equity and the chance for mobility. You just become a peasant.
The Great Reset is real. It is happening. This will be the greatest transfer of wealth, and greatest consolidation of power in the history of mankind. If they get away with it revolution will be the only cure. It will be awful. Wake up. Get active. Stop this now!
Are you paying attention to reality? The police are powerless to do anything.
Thankfully, there will be other homeless camps for you to move to before they are also broken up. Be sure to get plenty of free socks at the local mission to use for TP!
I do love free socks!
Drugs will be easier to find also.
Great! Reality sucks and I'm going to check out of it.
This part of the article is incorrect:
“ They’re using your tax dollars to [bleep[ over the lower and middle class, and its permanent”
The Federal Reserve is NOT part of the U.S. Government despite the deceiving name. It’s a PRIVATELY owned institution with shareholders (most likely the largest banks in the World). No one knows exactly who owns what of it because it’s NEVER been audited by any governmental agency. Please read “The Creature from Jekyll Island” by G. Edward Griffin!
I’m in Overland Park. The realtors are all begging for the house. I wonder if they would take less than a full commission or if I should do it FSBO. I know the value I should get so it’s open door hit the target I probably would agree to sell to them. They buy as is where is. otherwise I need to do about $15,000 worth of cleanup work. Painting, new carpeting, just detail work that has been ignored over been a year
I live in Pennsylvania too. What part of PA are you talking about. I know that where I live in SW Pennsylvania some homes get offers in the first or second day on the market.
My house just needs work to clear up more than it does a staging company. I’ve lived in at 32 years so it’s easier to clean it out to do the work so it is to stay at the house while the work is being done.
Some of us remember the Hunt Brothers trying to corner the silver market…
How’d that work out?
I think the Democrats already have a law in the works to do just that through the department of HUD.
They would have to approve your mortgage and not approve if you are the wrong race or economic status.
Are you paying attention to reality?
—
Why bother since we now live in a surreal world ...
Rather than being motivated by a conspiracy to enslave the Middle Class, they might simply be shifting their asset allocation more toward real estate, in anticipation of inflation.
“or they are buying physical assets as a hyperinflation hedge?”
That makes more sense than the gloom and doom drivel that infests FR 24/7. Owning property is a good hedge in an inflation situation. I believe that property inflation, on average, is around 5% annually. It’s currently at 19%.
Here’s some stats:
https://www.in2013dollars.com/Housing/price-inflation
—”Tempted to give it a shot”
Whatever you do, use an attorney that specializes in real estate.
There are many verities of attorneys and there can be a huge difference.
About a week before we closed, the owner stopped by our house, totally distraught, his wife had ALS and had taken a turn for the worse.
He handed the title for the house to my wife and said he did not know what to do, his attorney that he had paid in full would not help.
We were all local and I had the misfortune of once using his attorney; bad news.
My wife took the title to our real estate only attorney, he said if necessary he could close without the sellers.
The sellers came to the closing, their paid in full lawyer was a no-show.
They were very nice people and built a log cabin in the woods for retirement and now the wife was in a wheelchair.
Everything is absolutely nuts - and it’s bound to get even worse. At this point in time, I’d be leery with a rental; perhaps the lady bidding $500/month more has no intention of paying in future months.
I’m in Prairie Village and receive requests in the mail, and by telephone, to purchase my home often. The JoCo real estate is on fire.
Informative and disgusting.
But, now we have some insight on some of the puppet masters that run out government. All of them, protected by layers and layers of security in the virtual and physical sense, while our elected reps kiss the ring.
I’ll be living in a van down by the river.
Why not buy a travel trailer or motor home!
Yep and when move, incur lots of expenses moving and outfitting new house.
The cost of new construction is going through the roof. Contractors can’t get the supplies they need so the price of a new house is going way up.
The price of existing houses with go up too
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